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Ripple President Monica Long Expects XRP ETF to Come ‘Very Soon’ – Can it Propel Price to New All-Time High?

Jeff TaylorBy 02 Mins Read
  • Ripple President Monica Long confirms the imminent launch of an XRP ETF, emphasizing XRP’s clear regulatory status and strong market position.
  • Long projects significant market impact from both the ETF and Ripple’s new stablecoin project.

Ripple President Monica Long has strongly endorsed the forthcoming launch of an XRP exchange-traded fund (ETF). In a recent update by CNF and during a subsequent podcast, Long discussed the company’s advancements, highlighting the strong market position of XRP, which consistently ranks among the top ten assets by market cap and maintains substantial daily trading volumes.

These factors, combined with increasing institutional interest in cryptocurrencies, make an XRP ETF a strategic development for Ripple.

Continued Market Expansion by Ripple

Further advancing Ripple’s market presence, it is discussed in Today’s CNF Youtube Video below that Long revealed in the same in an interview with CNBC that the company is moving forward with a new stablecoin set to launch by the end of 2024.

Ripple President Monica Long Predicts Imminent XRP ETF Launch - Will It Surge Prices to New Peaks?

Additionally, Ripple has partnered with Clear Junction to bolster its cross-border payment capabilities in Europe, facilitating secure and instant payouts in GBP and EUR. These initiatives are expected to draw significant institutional attention and enhance Ripple’s role in the evolving crypto landscape.

The anticipation around the XRP ETF has sparked speculation about its potential to propel XRP’s price to new heights. Historical precedents suggest that the introduction of cryptocurrency ETFs can lead to price increases, thanks to enhanced accessibility and heightened institutional investment.

Blockchain researcher Collin Brown recently tweeted support for the imminent launch of the XRP ETF, suggesting that it could significantly impact the market. See Collin Brown’s tweet below.

Will It Elevate XRP to New Heights?

As Ripple gears up to launch these ambitious projects, the financial and cryptocurrency communities are keenly observing to see if these initiatives will lead to a significant uptick in XRP’s price. As depicted in the price chart below, currently trading at $0.5235 with a recent increase of 1.30% over the past week, the market is already reacting positively to Ripple’s strategic directions and future prospects.

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Dr. Jeff Taylor is an experienced crypto journalist with a Ph.D. in Biochemistry, whose primary mission is to educate everyone about the potential of Bitcoin and the blockchain technology. His fascination with cryptocurrencies began during his tenure as a former trader when he discerned the distinct advantages of decentralized money compared to traditional payment systems and CBDC's. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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